Building Owners Are Making Fortunes From Banksy Works

In a world where Banksy street-pieces — essentially, illegally created public art — cut from buildings can generate hundreds of thousands of dollars, proprietary domain is a hot-button issue. Legally, according to attorney Eric Baum, who represented artists in litigation involving the 5 Pointz mural space in Long Island City, “The owner of the building […]

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Berkshire Museum’s Famous Norman Rockwell Painting Sold To George Lucas’s New Museum

“In February, when the embattled Berkshire Museum in Pittsfield, Massachusetts, announced it had reached an agreement with the state’s attorney general to sell as many as 40 works from its collection, the juiciest detail was that an undisclosed institution had agreed to purchase and exhibit the lot’s most valuable work: a Norman Rockwell masterpiece titled […]

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US Congress Votes To End “Government-Funded Oil Paintings”

Republican Sen. Bill Cassidy’s wish has come true, with President Donald Trump signing his Eliminating Government-Funded Oil-Painting — or EGO — Act into law on Wednesday. The cheekily named legislation prohibits taxpayer funds to be used on officially painted portraits. The law applies to portraits of the President, the Vice President, a member of Congress, […]

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Brazil Has One Jackson Pollock – And Its Museum Is Selling It To Keep Itself Afloat

“The Museum of Modern Art (MAM) in Rio de Janeiro announced on Sunday that it is selling the only Jackson Pollock painting currently on public view in Brazil. The museum expects the work, Nº 16 (1950), to sell for around $25 million, which would help the museum sustain itself for at least 30 years. This […]

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Police Raid Private Homes In Case Of Belgian Exhibition Of Russian Avant-Garde Fakes

“Homes across Belgium have been raided by police investigating allegations that counterfeit Russian avant garde works were exhibited at the Museum of Fine Arts in Ghent. The display of 26 pieces, loaned by the Russian businessman Igor Toporovski, was terminated by the gallery in January after experts claimed it was full of fakes. The museum’s […]

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